Also the Bitcoin dominance is at a rate (more than 50%) that i would have not imagine to be seen anymore, since the market is mature enough and there is alot of legit and working projects that should attract a high % of capital from bitcoin and thus preventig it to from having the monopoly over the market.
As of now the Bitcoin dominance should logically start to drop targetting the 35% wich would make the market recover it's losses. And as a second target (wich shouldn't take long after reaching 35%), the bitcoin dominance should drop to 30% and breaking it to make a new all time low "20%" wich should logically be the next crypto bull run with the first regulations showing up and potentially institutional money pooring in.
As of now the Bitcoin dominance should logically start to drop targetting the 35% wich would make the market recover it's losses. And as a second target (wich shouldn't take long after reaching 35%), the bitcoin dominance should drop to 30% and breaking it to make a new all time low "20%" wich should logically be the next crypto bull run with the first regulations showing up and potentially institutional money pooring in.
An old souvenir of bitcoin analysis and it's dominance when the price was $14000 just before the bear market.